Natural Gas Prices

After flirting with the $8 mark to start the week, natural gas futures pared their gains in early trading Tuesday as analysts observed overbought conditions following an extraordinary run higher in recent weeks.  Coming off a 52.0-cent rally in the previous session, the May Nymex contract was down 33.5 cents to $7.485/MMBtu at around 8:50…

Chillier trending springtime forecasts over the weekend contributed further bullish momentum for rallying natural gas futures, which continued to advance in early trading Monday. The May Nymex contract was up 27.6 cents to $7.576/MMBtu at around 8:55 a.m. ET. Forecasts trended cooler over the long holiday weekend to increase weather-driven demand expectations, with heating demand…

Massive price increases spurred by spring snow storms and pipeline maintenance lifted spot gas prices during the April 11-14 trading period, which covered gas flows through Tuesday because of the Good Friday holiday. NGI’s Weekly Spot Gas National Avg. jumped 57.0 cents to $5.855/MMBtu. Futures continued to surge as well, with a lack of sustained…

Natural gas futures finished off the short holiday week with another huge leap higher after the latest inventory data confirmed a sluggish start to the injection season. The May Nymex gas futures contract settled Thursday at $7.300, up 30.3 cents on the day. June futures raced 32.7 cents higher to $7.423. Momentum continued in the…

With natural gas futures marching relentlessly higher against a backdrop of supply adequacy concerns and geopolitical uncertainty, forwards prices reflected the bullish sentiment pervading the market during the April 7-13 trading period. Front month fixed price gains of around 90 cents to $1.00 were the norm for most Lower 48 hubs for the period, NGI’s…

North American natural gas futures continued to push higher last week as production and storage worries combined with strong global demand pushed futures prices over $7.00/MMbtu. That’s four straight weeks of rising natural gas prices as energy markets remain in turmoil following Russia’s unprovoked invasion of Ukraine. On Wednesday, the New York Mercantile Exchange prompt-month…

One day removed from choppy price action along the Nymex natural gas futures strip, May prices forged ahead midweek. With traders looking ahead to a smaller-than-normal increase in storage inventories, the prompt-month contract soared to a $7.005/MMBtu intraday high before settling Wednesday at $6.997, up 31.7 cents on the day. June futures rallied 33.3 cents…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 15 Bcf natural gas into storage for the week ended April 8. The result was roughly in line with expectations and bullish when compared with historic norms. Nymex natural gas futures surged in response. Ahead of the EIA report, the May futures contract…

After years of declines, dry natural gas production from the Haynesville Shale reached record highs in the second half of 2021 as prices rose, according to the U.S. Energy Information Administration (EIA). The government agency said Haynesville gas production climbed to around 12 Bcf/d by the end of 2021, up from around 10 Bcf/d at…